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about things about shaving one hundred billion dollars when we're when we're facing trillion dollar deficits. about. you know controlling this liberty or strapping down. regulation when we should be figuring out how to how to liberate. capitalistic enterprise yeah yeah so there is that the same thing that you look at all are there any other specific things that you think are concerning to you when you talk about that long term trajectory the u.s. is on shore well you know eric speaks about and is quite correct i think to speak about the theater that is engrossing the american population as they get fed these other c.g. piece to taste. and on and on employment index i'm a little more on sort of with what's going on behind that theater the militarization of the police you know the rise of the police state that those kind of things that you know i mean. there are trains that you don't want to see leaving the station so it sounds like it's just as much about certain civil liberties as it is about the economic condition of the u.s. and i mean can you really separate the two because we're talking
about things about shaving one hundred billion dollars when we're when we're facing trillion dollar deficits. about. you know controlling this liberty or strapping down. regulation when we should be figuring out how to how to liberate. capitalistic enterprise yeah yeah so there is that the same thing that you look at all are there any other specific things that you think are concerning to you when you talk about that long term trajectory the u.s. is on shore well you know eric speaks about and...
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Jan 13, 2013
01/13
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KGO
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>> the biggest deficit the country has is a leadership deficit and the truth is the wings of both parties don't represent america. we have a republic not representative to the public. that's one of the reasons i'm one of the national co-founders of no labels to get that over rhetoric. we do need more leadership over the president and have a plan and push forward with regard to a grand bargain strategy because we desperately need one. we need one in 2013. we may not have until 2015. i'm confident we don't have till 2017. >> coming off the fiscal cliff negotiations and the whole experience with that, is that realistic at all in 2013? >> i think it is realistic if you do three things, one, the president has to demonstrate much more leadership. he's the only one elected by the people. he's the chief executive officer. he's got the bully pulpit. secondly, we need to engage the american people with the facts, the truth, with the tough choices in a way forward. i've done it all over the country, all 50 states. they're way ahead of the politicians. they can handle the truth and willing to accept
>> the biggest deficit the country has is a leadership deficit and the truth is the wings of both parties don't represent america. we have a republic not representative to the public. that's one of the reasons i'm one of the national co-founders of no labels to get that over rhetoric. we do need more leadership over the president and have a plan and push forward with regard to a grand bargain strategy because we desperately need one. we need one in 2013. we may not have until 2015. i'm...
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Jan 14, 2013
01/13
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CNBC
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governor jerry brown saying he will have balanced budget after years of massive deficit. but is it real? probably not, say budget expert. they say that december money was probably a one-off tied to the fiscal cliff. the wealthy taking gains in december to avoid higher tax rates in 2013. revenues from the new california tax they say won't really kick in until this quarter or later in 2013 as brad williams a california budget expert told me, quote, we suspect the added revenues were related to the federal tax changes rather than the new state tax rates. now it all shows that california is more dependent than ever on the wealthy. the top 1% of earners, remember they pay up to half of the state's total income taxes but revenues from the rich are now harder than ever to predict. back to you guys. >> thank you, robert. let's go to michelle ka brumich >> you will have a lot more cartoons available on the kid section only and also the exclusive video streamers of the new seasons of dallas. as you can see, getting a big texas more with more than 2%. back to you, tyler. >> thank yo
governor jerry brown saying he will have balanced budget after years of massive deficit. but is it real? probably not, say budget expert. they say that december money was probably a one-off tied to the fiscal cliff. the wealthy taking gains in december to avoid higher tax rates in 2013. revenues from the new california tax they say won't really kick in until this quarter or later in 2013 as brad williams a california budget expert told me, quote, we suspect the added revenues were related to...
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Jan 15, 2013
01/13
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MSNBCW
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and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me ask you about your announcement last week. you were going to hire engineers, computer programmers. last year you announced to add 12,000 jobs by 2015. given everything that's going on, how confident are you that you'll still be able to meet that goal? >> well, i t
and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if...
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Jan 18, 2013
01/13
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CSPAN2
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and i remembered some of the earlier deficit reduction battles we had. i voted for virtually all of them. and i was thinking what is changed since those debates? and i think there have been two major changes. number one the deficit is clearly much greater, and that's an added dimension. but secondly, the -- when i think of the ways & means committee, what a change there's been in the competition. when i joined ways & means, barbara had just left the ranking member, and he then went the world bank. i worked with bill frenzel on trade. bill archer was handling the tax material, mainly and bill was working on health care. i think a second major change that effects the debate is changing composition of the republican party. i think it has moved very much more to the right describe it from the days when i joined the committee. and i think that makes it very much more difficult to handle the problems that we have before us. so let me just comment briefly on where we are. you heard the president yesterday. we've had spending cuts of a billion and a half or tril
and i remembered some of the earlier deficit reduction battles we had. i voted for virtually all of them. and i was thinking what is changed since those debates? and i think there have been two major changes. number one the deficit is clearly much greater, and that's an added dimension. but secondly, the -- when i think of the ways & means committee, what a change there's been in the competition. when i joined ways & means, barbara had just left the ranking member, and he then went the...
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Jan 20, 2013
01/13
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CNNW
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you put me back in i'm going to focus on immigration, energy, i'm going to focus on this god awful deficit and debt we have. those seemed to be the three long-term things he was playing for and then newton happened and like every parent, like every american, his heart was broken and he has taken this incredibly politically difficult and divisive issue of gun safety and put it ahead i think of debt and deficit, immigration and energy. he had to respond to what happened and people right now are judging that response. >> there's a blueprint. certainly there's a blueprint and they're working on the blueprint. plans on how they'll pursue gun control and plans on how they'll pursue immigration. massive rollouts in the next few weeks. marco rubio seasoning the house for possible transformative legislation. >> 2016 happened right here right now. >> and she wasn't even the first. >> wasn't even the first. margaret and paul, thank you for joining us to talk ability these fascinating issues. >> and when we return, a sneak peek at tomorrow's parade route and security measures in place around the capit
you put me back in i'm going to focus on immigration, energy, i'm going to focus on this god awful deficit and debt we have. those seemed to be the three long-term things he was playing for and then newton happened and like every parent, like every american, his heart was broken and he has taken this incredibly politically difficult and divisive issue of gun safety and put it ahead i think of debt and deficit, immigration and energy. he had to respond to what happened and people right now are...
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Jan 20, 2013
01/13
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CNN
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like a lot of issue we are dealing with, immigration, how we reduce our deficit have strong feelings. we think if you look at the public on some of these measures, i think knute newtown changed the debate. sadly, it took a tragedy like that seeing a lot of people. by the way you democrats and republicans think differently about this issue, post that tragedy. so i think it's going to take a lot of work, it's not going to be easy. but we think we can get to a point, as we said, i think there are 60 votes in the senate, 219 votes in the house, if the process can just play itself out and we can really get votes on some of these things we think. but it's going to be hard work. >> what's -- as far as you're concerned, the window in a second term for a president to get something done? we certainly hear 14, 16 months and then he's kind of in lame duck status. >> i don't believe that let's look at where we are now, not like casting about -- roaming the halls of the house looking for things to do. whether it is deficit reduction, energy, gun control, safety, immigration, these are all stacked u
like a lot of issue we are dealing with, immigration, how we reduce our deficit have strong feelings. we think if you look at the public on some of these measures, i think knute newtown changed the debate. sadly, it took a tragedy like that seeing a lot of people. by the way you democrats and republicans think differently about this issue, post that tragedy. so i think it's going to take a lot of work, it's not going to be easy. but we think we can get to a point, as we said, i think there are...
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Jan 15, 2013
01/13
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FOXNEWSW
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so, obama's entire premise that we need a balanced approach to cutting the deficit is based on a huge fiction which is that obama's plan will cut 4 trillion during the the next decade. it will do no such thing. he's basing on a falsity, just like day one when he's been in office, distort and pr propgandize. now, republicans need to understand all of this dealing with obama. they're dealing with a man who is reckless, ruthless as any president they will ever encounter and my next guest says he has a plan that mr. bolster the republicans hand when it comes to dealing with the democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt
so, obama's entire premise that we need a balanced approach to cutting the deficit is based on a huge fiction which is that obama's plan will cut 4 trillion during the the next decade. it will do no such thing. he's basing on a falsity, just like day one when he's been in office, distort and pr propgandize. now, republicans need to understand all of this dealing with obama. they're dealing with a man who is reckless, ruthless as any president they will ever encounter and my next guest says he...
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Jan 15, 2013
01/13
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CNBC
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the problem is that was the last deficit increase. the $1.2 trillion is sort of already in the bank. the credit agencies, by the way, assume we're going to make those cuts. so if you're suggesting that we do additional sequestration on the smaller part of the budget, the 38% we talked about, domestic discretionary, i suppose that's one way you could go. but, it ignores the fact that we've got this bigger part of the budget that's more politically sensitive, but has to be dealt with. the biggest part of the budget and the fastest growing part of the budget. it also, the $1.2 trillion is in the bank because of the discussions we had two years ago. >> you think the democrats would not see that as a credible threat? they would say go ahead, let the sequestration kick in? >> well, i think democrats and republicans alike would like to alter the way the sequestration works. but i hope that nobody's talking about not making good on our commitment to reach the $1.2 trillion. i'm certainly not. and those of us who are concerned on the across-th
the problem is that was the last deficit increase. the $1.2 trillion is sort of already in the bank. the credit agencies, by the way, assume we're going to make those cuts. so if you're suggesting that we do additional sequestration on the smaller part of the budget, the 38% we talked about, domestic discretionary, i suppose that's one way you could go. but, it ignores the fact that we've got this bigger part of the budget that's more politically sensitive, but has to be dealt with. the biggest...
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Jan 18, 2013
01/13
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CSPAN
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., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have unanimity in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something
., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't...
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Jan 18, 2013
01/13
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FBC
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for decades this state has been running high deficits, spending, spending and spending, overborrowing and running the government programs. so you have a bunch of bad numbers. the sad part is a retired politicians look at the numbers in a lawyer they think the solution is more taxes, more spending and more government. we are trapped in a virtual circle. stuart: what is the direct link between a very active government that spends big and goes biggin to debt? show me the direct connection between that the high poverty level. >> best way to look at this is see what is happening with people leaving a little. lenore loses one person every ten minutes to other states. people are leaving companies don't want to come, they're scared of coming to illinois, much death and you can't blame them for being scared. they don't want to pay more taxes or interested that has more poor people. they want to move states that are dynamic, cutting taxes. look of other states with zero tax rates, they want to move to dynamic economies. stuart: diana workers leave and dynamic companies that want to hire do not
for decades this state has been running high deficits, spending, spending and spending, overborrowing and running the government programs. so you have a bunch of bad numbers. the sad part is a retired politicians look at the numbers in a lawyer they think the solution is more taxes, more spending and more government. we are trapped in a virtual circle. stuart: what is the direct link between a very active government that spends big and goes biggin to debt? show me the direct connection between...
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Jan 16, 2013
01/13
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CNBC
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this issue raises all the deficit issues. it should. it really is after the fact. >> the reason we're having the problem now because they don't pass a budget. >> yes. exactly. look, they're avoiding the really tough stuff, which is dealing with long term deficits which we face today. they're much worse than what we faced in the '80s and '90s. they've got to get serious about doing the hard work that has to be done on both sides of the aisle to deal with the specifics how you get this done. >> sir, do you think the u.s. has a spending problem? >> look, we've got a deficit problem. >> is that the same thing as a spending problem or is it different? >> you've got -- look, when i was in congress and when we balanced the budget in the '90s, we were taking in roughly, these figures will be a little off, roughly, we were taking in 20% of gdp and spending 20% of gdp. that seems to me to be a fair place to come out. maybe you could put it at 18, maybe you could put it at 21 or 22. but get an agreement on that, and then go to work on both sides o
this issue raises all the deficit issues. it should. it really is after the fact. >> the reason we're having the problem now because they don't pass a budget. >> yes. exactly. look, they're avoiding the really tough stuff, which is dealing with long term deficits which we face today. they're much worse than what we faced in the '80s and '90s. they've got to get serious about doing the hard work that has to be done on both sides of the aisle to deal with the specifics how you get...
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Jan 14, 2013
01/13
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MSNBCW
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and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. we are not a deadbeat nation. >> thank goodness. but next, news flash, we already hit the ceiling two weeks ago. and the treasury's been using, quote, extraordinary measures to pay its bills. what does that even mean? the money shuffle can't last forever. the u.s. is out of money to pay its bills, it's already spent in less than four weeks. i have cousins that do that. they play to hold the debt ceiling hostage. aides say half the conference is ready to let the nation default. speaker boehner will school them on the real threat later this week. even a temporary extension for, say, two or three months could rattle the markets and threaten the nation's credit rating. last time they hashled out a debt deal? summer of 2011 and we ended up more than a trillion dollars in mandatory spending cuts and congress still hasn't addressed and delayed again until marc
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. we are not a deadbeat nation. >> thank goodness. but next, news flash, we already hit the ceiling two weeks ago. and the treasury's been using, quote, extraordinary measures to pay its bills. what does that even mean? the money shuffle can't last forever. the u.s. is out of money to pay its bills, it's...
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Jan 21, 2013
01/13
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WMAR
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they rallied from a huge deficit to win the game 28-24 atlanta had a chance to score before the game's end but san francisco came up big on defense so now it's brother against brother in superbowl 47 and jim harbaugh's49ers against john harbaugh's ravens. >>> we are hours away from president obama taking the oath of office outside the capitol. we have more on the historic day. >> reporter: on the west line outside the u.s. capitol the stage is set. officially inauguration day in washington. and they are expecting a turnout of 800,000 people. the president obama took the oath of office on sunday. >> i barack hussein obama do solemnly swear. >> reporter: vice president joe biden did the same. >> congratulationses. >> thank you. >> reporter: the constitution man dates the commander in chief start his term on january 10th. but long-standing tradition when that day is a sunday, a public inauguration is held the next day. the president capped off day one of the two-day inauguration by attending a reception in washington where he addressed supporters. >> you understood it was not just about a
they rallied from a huge deficit to win the game 28-24 atlanta had a chance to score before the game's end but san francisco came up big on defense so now it's brother against brother in superbowl 47 and jim harbaugh's49ers against john harbaugh's ravens. >>> we are hours away from president obama taking the oath of office outside the capitol. we have more on the historic day. >> reporter: on the west line outside the u.s. capitol the stage is set. officially inauguration day in...
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Jan 17, 2013
01/13
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CSPAN
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he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal that has become the defining memo for the effort to try to get that is under control. is fond of quoting a friend of his, the foreign minister of australia. we met a few months ago who said to him the united states is one debt deal away from leading the world out of fiscal chaos and disruption. we are. we truly are. we are a nation on the brink of massive economic expansion. from the place that can't is from, north dakota, you see the change in the paradigm on energy. we will go from an important country to exportin
he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a commission that then threw into the simpson bowls proposal...
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Jan 21, 2013
01/13
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FOXNEWSW
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again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more gamesmanship in both sides with a brief window. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox should start a campaign for me. very flatter
again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just to get to this reviewing stand. you are looking at there and seeing what, robert? it seems like more...
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Jan 14, 2013
01/13
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KRON
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and ashley added to the deficit. it should not be surprising giving all this talk that washington is hurting rather than helping the country at the moment. they see our representatives and sound with partisan brinksmanship over paying our bills. they overwhelmingly want to focus on growing the economy and creating more jobs. let us finish this debate. give our businesses and the world of the certainty that our economy and reputation are still second to none. we pay our bills, we have all our business and we move on because america has a lot to do. we had to create more jobs and boost the wages of those who have worked. we have to reach for energy and independence we have didn't reach for our immigration system we have to give our children the best education possible and protect them from the horrors of gun violence. let me say i am grateful to vice-president joe biden for his work on this issue of gun violence and for his proposals which i will be reviewing today. i will address of the next few days. with that, i wil
and ashley added to the deficit. it should not be surprising giving all this talk that washington is hurting rather than helping the country at the moment. they see our representatives and sound with partisan brinksmanship over paying our bills. they overwhelmingly want to focus on growing the economy and creating more jobs. let us finish this debate. give our businesses and the world of the certainty that our economy and reputation are still second to none. we pay our bills, we have all our...
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Jan 15, 2013
01/13
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CURRENT
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. >> obama: so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> bill: so the question -- so why should the president entertain this notion that the debt ceiling which republicans voted for 19 times under george w. bush without a peep, you know, why should he entertain the notion that suddenly this is a matter of big negotiations? >> well, he's trying to say that he shouldn't but unfortunately the house republicans have the majority in congress. unfortunately for him, so when he says he doesn't want to debate it and negotiate over it, he is running up against the fact that people who have the power in the house do want to debate it and that can cause problems. he certainly is pushing this idea here to try to remove this from the realm of what he wants and the american people see as rational debate. he used a lot of words yesterday that were very strong to try to make people see this as what he called an absurd way of
. >> obama: so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> bill: so the question -- so why should the president entertain this notion that the debt ceiling which republicans voted for 19 times under george w. bush without a peep, you know, why should he entertain the notion that suddenly this is a matter of...
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Jan 20, 2013
01/13
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if you want a balanced approach to reducing the deficit, let your member of congress know. if you believe we can solve this problem through compromise, send that message. america, after all, has always been a grand experiment in compromise. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. the last time they threatened this course of action our entire economy suffered for it. >> all right. the trajectory of the perspective of compromise. >> that's entertaining but i think a i have a little bit of minority opinion. some of it is a bit overstated. in you're preamble setting this up. to assume that when the president was delivering that speech in 2009, that he did not understand just how difficult the road ahead would be and just how much recess substance he would get from the other party. i think, understates the sophistication that this man has about pol
if you want a balanced approach to reducing the deficit, let your member of congress know. if you believe we can solve this problem through compromise, send that message. america, after all, has always been a grand experiment in compromise. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy...
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Jan 19, 2013
01/13
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MSNBC
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should washington adopt california's deficit reduction approach? tell us what you did and if you think that could work nationally. >> what jerry brown did was he rolled the political capital. he simply said to his democrats and to the republicans, this is what's in the best interest of the public. and the public in california bought that. he caused many democrats on the other side of the aisle to be really angry because a lot of what he did were cuts. he caused republicans, however, to be angry because he increased revenue. that's what washington needs to do. and i think barack obama is prepared to do that. >> all right. former san francisco mayor willie brown, i have to tell you, in the commercial break, my floor director said he was a big fan of yours because you're a commonsense guy. i couldn't agree more. >> thank you very much. >>> coming up next, teajah's plea to the president. >> i am very sad about the children who lost their lives in connecticut. so i thought i would write to you to stop gun violence. >> he's one of four children that wrot
should washington adopt california's deficit reduction approach? tell us what you did and if you think that could work nationally. >> what jerry brown did was he rolled the political capital. he simply said to his democrats and to the republicans, this is what's in the best interest of the public. and the public in california bought that. he caused many democrats on the other side of the aisle to be really angry because a lot of what he did were cuts. he caused republicans, however, to be...
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Jan 14, 2013
01/13
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KPIX
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the fact is though we can't finish the job of deficit reduction through spending cuts alone. the cuts we've already made to priorities other than medicare medicaid, social security and defense, mean that we spend on everything from education to public safety less as a share of our economy than has been true for a generation, and that's not a recipe for growth. so, we've got to do more both to stabilize our finances over the medium and long term but also spur more growth in the short term. now, i've said i'm open to making modest adjustments to programs like medicare to protect them for future generations, and i've also said that we need more revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. turns out, the american people agree with me. they listened to an entire year's debate over this issue and they ma
the fact is though we can't finish the job of deficit reduction through spending cuts alone. the cuts we've already made to priorities other than medicare medicaid, social security and defense, mean that we spend on everything from education to public safety less as a share of our economy than has been true for a generation, and that's not a recipe for growth. so, we've got to do more both to stabilize our finances over the medium and long term but also spur more growth in the short term. now,...
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Jan 15, 2013
01/13
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FOXNEWSW
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he's said it's unrealistic to tie the debt limit to deficit reduction. he said it has been separate. that is just not accurate. >> sean: last 30 years? >> last 27 years every major reduction is start going through 1990s all three agreements. recent one, budget control act the reason we're talking about the debt limit discussion. so this is an appropriate time to raise the issue. look, he said people voted for him because they wanted to increase the debt limit. i don't think so. that is not what polling shows. it shows people want to get spending under control. >> sean: for a brief hour the obama media which did not go do a good job from my estimation woke up and challenged him. and looked angry on hypocrisy. how would you deal with the president that is very good at politics, demonizing and pushing republicans into a corner? what is the best strategy? >> well, i agree with you it's interesting. you had reporters saying wait a minute. you said just the opposite but also said the point just made a second ago which is why are you saying it's been straight a
he's said it's unrealistic to tie the debt limit to deficit reduction. he said it has been separate. that is just not accurate. >> sean: last 30 years? >> last 27 years every major reduction is start going through 1990s all three agreements. recent one, budget control act the reason we're talking about the debt limit discussion. so this is an appropriate time to raise the issue. look, he said people voted for him because they wanted to increase the debt limit. i don't think so. that...
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Jan 14, 2013
01/13
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ironically, the whole fiasco actually added to the deficit. so it shouldn't be surprising given all of this talk about the -- that the american people think washington is helping there -- rather than hurting. let's finish this debate. let's give our businesses and the world the certainty that our economy and reputation are still second to none. we pay our bills, we handle our business. and then we can move on because america has a lot to do. we have to create more jobs. we have to boost wages and we have to reach for energy independence. we have to give our children the best education possible and we have to do everything we can to protect them from the horrors of gun violence. let me say i'm grateful to vice president biden for his work on the -- on this issue, gun control violence and for his proposals, that i will be reviewing today and intend to vigorously pursue. >> with that i'm gonna take some questions and i'm gonna start with julie of a.p. and i want to congratulate her for this new important job. >> thank you very much. >> i wanted t
ironically, the whole fiasco actually added to the deficit. so it shouldn't be surprising given all of this talk about the -- that the american people think washington is helping there -- rather than hurting. let's finish this debate. let's give our businesses and the world the certainty that our economy and reputation are still second to none. we pay our bills, we handle our business. and then we can move on because america has a lot to do. we have to create more jobs. we have to boost wages...
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Jan 14, 2013
01/13
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there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so far, we've actually had $2.4 trillion over a ten-year period of deficit reduction. but about 30% of it has come from rev lienue increases and at the other 70% from come from spending cuts. entirely from discretionary programs. >> what's the budget control act? >> it's what came out of the last debt ceiling debacle when the republicans and the democrats agreed on this trillion dollars of roughly discretionary -- all discretionary spending reductions. but the point is, none of this really touches entitlements. none of it touches the mandatory. and its $2.4 trillion. >> wh
there's actually been several rounds of deficit reduction worth reviewing. back in 2010 and '11, they put a bunch of continuing resolutions or kind of spending caps onto mostly discretionary programs. in 2011 when we had the debt ceiling debacle, they agreed to the budget control act which was another billion dollars, roughly, of cuts. again, mostly from if not entirely from discretionary programs. and then, of course, we had the fiscal cliff which was $650 billion of revenue increases. so so...
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Jan 13, 2013
01/13
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and with new york's budget deficit, it seems obvious that hydrofracking is the way to go. and, of course, governor cuomo is free to set whatever regulations he wants about that to ensure the safety of quality and other things that residents are concerned about. i would say that the project should proceed. it's brought benefit to other states. there's no reason that new york should be left behind. >> okay. right in front. wait for the mic a fun. >> you get very good examples of unsuccessful creations of new green jobs. had also looked at elimination of existing jobs like really good cost-benefit analysis done for regulations? >> the cost-benefit analysis for mercury was a travesty. if you look at the cost-benefit analysis carefully, all the benefits from reducing mercury came from getting rid of particulates and particulates were not the focus of that particular regulation. and what was interesting is the benefits focus on additional days of school. in other words, a few days of schools miss, two days of work missed because of lower levels of particulates, and particularly
and with new york's budget deficit, it seems obvious that hydrofracking is the way to go. and, of course, governor cuomo is free to set whatever regulations he wants about that to ensure the safety of quality and other things that residents are concerned about. i would say that the project should proceed. it's brought benefit to other states. there's no reason that new york should be left behind. >> okay. right in front. wait for the mic a fun. >> you get very good examples of...
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Jan 15, 2013
01/13
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down and would pay down the deficit. guest: i like the point you are making. a very close friend of mind in scranton is a jeep dealer. and he was going to sell a cherokee in beijing, it costs about $100,000 which is outrageous. they add all sorts of import and do the fees and that just will not happen here. we need to rethink some of these trade imbalances. for example, of the note to the big box retailer and you can see the big box retailers and the countries that do not have strict labor laws, workplace safety laws, environmental regulations to protect, in a sensible fashion, the economy. foreign countries can sell them cheaper the in this country and i think that applies to automobiles as well. maybe the way to have these sensible regulations is to have a sensible tax along the line you are talking about. host: we are talking with freshman democrat from pennsylvania, rep cartwright. next caller. caller: the definition of the fault is not being able to pay your bills. -- the definition of default is not being able to p
down and would pay down the deficit. guest: i like the point you are making. a very close friend of mind in scranton is a jeep dealer. and he was going to sell a cherokee in beijing, it costs about $100,000 which is outrageous. they add all sorts of import and do the fees and that just will not happen here. we need to rethink some of these trade imbalances. for example, of the note to the big box retailer and you can see the big box retailers and the countries that do not have strict labor...
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Jan 21, 2013
01/13
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you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i agree. and in fact, there is a bill that i am co-sponsoring, the full faith and credit act, which provides that, regardless of what happens to the debt ceiling, the united states will always, always, always meet its debt. we will never default on its debt. that was introduced in 2010. it didn't pass because harry reid and president obama didn't want it to pass. they wanted to raise the specter of a default to use. so, chuck, you and i could make news right now on national television, would you agree to support the full faith and credit act and take the possibility of a default off the t
you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i...
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Jan 14, 2013
01/13
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. >> megyn: and my last question for you quickly he's put in place, 3.25 in place of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and it's not a reduction in baseline, it's a reduction in the rate of growth of spending, which is again suffocating to the private economy and unsustainable over the course of the next several years. >> megyn: one thing we did hear the president reference personally, we heard it from nancy pelosi prior, but the president personally talking about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking for
. >> megyn: and my last question for you quickly he's put in place, 3.25 in place of deficit reduction, a little short of 4 trillion we need, but he would have the american public believe he's significantly reduced our deficit as president. >> which makes you wonder why we need another 2 trillion dollars so desperately now as we are getting ready for the beginning of his second term. obviously, that's 2 1/2 trillion that is, well, fanciful in my opinion and ethereal in others and...
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Jan 21, 2013
01/13
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gun control, deficit reduction. as you said, waiting on the big details until the state of the union address. neil: you mentioned finding common ground. we may have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the table and then fight the battle over spending cuts when you have a sequestration cuts scheduled to start march 1. the current resolution running the government also running out into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to pr
gun control, deficit reduction. as you said, waiting on the big details until the state of the union address. neil: you mentioned finding common ground. we may have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the...
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Jan 17, 2013
01/13
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lowered the deficit to 1.4% of gdp in 2022, stabilize the debt by 2015. it even further reduced discretionary spending. it builds on health reform savings and called for social security reform, and provided specific things to do to get social security solvent for the next 75 years here and also include fundamental tax reform that raise revenue. and raised quite a bit of revenue, 2.4 trillion of that 5.4 trillion would have been revenue, but revenue not required raising rates, but revenue that would come through reforming the tax code, reducing preferences, exclusions that are shot through the tax code, to actually be able to reduce rates and raise additional revenue. for anybody that wanted can you really do that, remember tax expenditures are running $1.2 trillion a year. we are spending more for the tax code than we are through all of the appropriate accounts of the federal government. this is what happens to the deficit in the share of gdp under the fiscal commission plan. you can see a dramatic improvement. the fiscal cliff plan, and what was just ado
lowered the deficit to 1.4% of gdp in 2022, stabilize the debt by 2015. it even further reduced discretionary spending. it builds on health reform savings and called for social security reform, and provided specific things to do to get social security solvent for the next 75 years here and also include fundamental tax reform that raise revenue. and raised quite a bit of revenue, 2.4 trillion of that 5.4 trillion would have been revenue, but revenue not required raising rates, but revenue that...
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Jan 21, 2013
01/13
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will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so they were not injured. >>> with the stong winds comes a a -- strong winds comes a bitter cold snap. for more let's go to maria molina. >> we are not looking at cold temperatures across the areas of the midwest but also in the oifrt ea northeast. we didn't get this cold in places like the northeast. take a look at portions of the midwest. 6 below zero the current temperature in minneapolis. that is not the windchill. it feels even colder and some places will be looking at windchill temperatures more than 20 degrees below zero. w
will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito...
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Jan 21, 2013
01/13
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LINKTV
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. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to take off from his great speech, i have a dream, back in 1963. and remember, martin luther king's dream did not only include ending segregation. it included ending needless wars, fighting poverty, and making america a more equal country. barack obama, tell us what your dream is for the second term and once that is over, once you have inspired us, go about the hard work of implementing that dream. it is a dream speech i am looking for. >> angela merkle. but the omens are not good. her coalition has just lost a regional election that was widely viewed as a test of public opinion. >> at first, it looked like the german chancellor's party would win. when the final ballots were counted, it became clear the democrats were on their way out. the results show the coalition of angela merkle's party or one seat beh
. >> gun control, immigration reform, and deficit reduction. >> monday happens to be a federal holiday in the u.s.. >> what is memorable about this inauguration, it comes on martin luther king's birthday, the holiday we celebrate. he's using martin luther king jr.'s bible. he has got to take off from his great speech, i have a dream, back in 1963. and remember, martin luther king's dream did not only include ending segregation. it included ending needless wars, fighting...
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Jan 13, 2013
01/13
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CNNW
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barclay's research puts venezuela's annual fiscal deficit at nearly 20% of gdp, one of the highest imbalances in the world. total debt has more than doubled since 2008. and that is despite the fact that venezuela has the greatest proven reserves of oil in the world. more than saudi arabia, iran or canada. when hugo chavez first came to power in 1999, oil was trading at $11 a barrel. today, it is trading at $111 a barrel. chavez has presided over the greatest windfall in his country's history. and, yet, venezuela is probably the only petro state in the world where people regularly suffer power outages. infrastructure is crumbling and public security is abysmal. venezuela has one of the worst homicide rates in the world, worse even than colombia, honduras and mexico. a recent foreign affairs essay pointed out that venezuelan exports to the u.s. from the start of chavez's rule through 2011 added up to nearly $350 billion. that's iconic for a presidency which marketed itself as anti-american. but even that trend may be reversing. according to a "financial times" report for every 10 barrels of cru
barclay's research puts venezuela's annual fiscal deficit at nearly 20% of gdp, one of the highest imbalances in the world. total debt has more than doubled since 2008. and that is despite the fact that venezuela has the greatest proven reserves of oil in the world. more than saudi arabia, iran or canada. when hugo chavez first came to power in 1999, oil was trading at $11 a barrel. today, it is trading at $111 a barrel. chavez has presided over the greatest windfall in his country's history....
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Jan 20, 2013
01/13
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it will be planned to slowly but surely, what our nation out of debt, deficit, and declined garrett on your behalf, we will insist the democrats who run the rest of washington to the same. this debate is often argued in numbers and figures but it is really about and families like yours that bear the burden of a slow economy. constant uncertainty and. ever-changing government rules chase our jobs and opportunities overseas. when day to day life costs more and jobs pay less, we do not solve the problem by delaying our cattle decision -- spending decisions, raising taxes, or refusing to answer the most pressing economic challenges. with the swearing in of a new congress and the inauguration of president obama, this is an opportunity for a fresh start. government debt affects all of us. republicans will not to to provide a blank check for uncontrolled spending and constant nickel and dime tax increases. we should gut washington's budget, your budget. these are the challenges of our times. we have the guidance of great leaders in the past who have faced tougher challenges than this with gra
it will be planned to slowly but surely, what our nation out of debt, deficit, and declined garrett on your behalf, we will insist the democrats who run the rest of washington to the same. this debate is often argued in numbers and figures but it is really about and families like yours that bear the burden of a slow economy. constant uncertainty and. ever-changing government rules chase our jobs and opportunities overseas. when day to day life costs more and jobs pay less, we do not solve the...
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Jan 19, 2013
01/13
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CNNW
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the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this president was re-elected. he owes them that. it has been a priority for him. he is going to find a way to get it done. hopefully republicans understand if they want a chance to get to the white house any time in the next four years, eight years, a generation, they'll have to do something on immigration. >> all right. so, amy, maria's number three is your number one. which is immigration. number two is obama care. number three, mystery scandal. so, let's talk about immigration, first. though i'm dying to get to that scandal. >> good morning. it's so great to see that vie
the second thing is that goes hand in hand with the debt and the deficit. and while republicans love to think that obama's not focused on the debt and deficit, doesn't want to do anything about it, that is absolutely not the case. he has said from the very beginning that it is a big priority but that we need to do it in a balanced way so that we don't hurt those that are most vulnerable. the third is immigration. after this election, the latino community, the latino vote, big reason why this...
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Jan 20, 2013
01/13
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the budget hasn't been balanced in multiyears and the deficit is over a trillion dollars . every man, woman and child. i had my fifth grandchild and that baby was born with $50,000 worth of debt if we were to pay it off today. every man and woman and child has that worth of debt. that is uncon69able and we have to stop kicking the can down the road and we have to solve the problem and do whatever it takes to get us back on the fiscal path again. >> i want to talk about it now you come back and see a different thing. what is the biggest difference you are seeing coming back the second time? >> we passed a lot more rules on ourselves. we reduced our budget and exact opposite is happening to our government. it is gone crazy with regulation and restriction, but the part that is most alarmming is the amount of money that we are print one day will explode. we can't continue to print money. we have fancy names for it. it is quantitative easing and it is really printing money. wrim bay way has a trillion dollar note and you buy a loaf of bread everybody is happily singing . we will
the budget hasn't been balanced in multiyears and the deficit is over a trillion dollars . every man, woman and child. i had my fifth grandchild and that baby was born with $50,000 worth of debt if we were to pay it off today. every man and woman and child has that worth of debt. that is uncon69able and we have to stop kicking the can down the road and we have to solve the problem and do whatever it takes to get us back on the fiscal path again. >> i want to talk about it now you come...